EUR/NOK Norway likely to increase rate in June

Norges Bank’s Executive Board has decided to keep the policy rate unchanged at 1.0%

“The Executive Board’s current assessment of the outlook and balance of risks suggests that the policy rate will most likely be raised in June”, says Governor Øystein Olsen

EUR/NOK suffered increased volatility following the rate announcement

The pair validated a Falling Wedge: a bullish continuation pattern